This is something no one talks about: The money you have to spend upfront to run your online business.
I consider myself a pro at keeping costs low. For my first 6 months of business, I spent $500/mo on all my marketing & operating costs.
These days, I spend a lot more than $500/mo (I've been running online startups for 2.5 years now). Last month, I spent ~$11,000 on my business. That's how much it cost: $11,000.
But remember: Don't compare your beginning to someone else's middle. I'm not saying these should be YOUR costs. But I thought it would be fun to share a breakdown of my costs, in case you're curious.
This'll give you an idea of where you're headed as your startup idea continues to grow!
$11,088: Total expenses in November:
What do you think about that? Are these numbers what you would have expected?
I break down all this and more in my workshop, The Cost of Running a Startup.
Check it out: http://appswithoutcode.wistia.com/medias/0vsv9i8cwm?embedType=iframe&videoFoam=true&videoWidth=640